February 25, 2020 / 10:48 AM / in a month

Scotiabank quarterly profit rises 7%

(Reuters) - Bank of Nova Scotia (BNS.TO), Canada’s third-biggest lender, said on Tuesday its first-quarter profit rose 7%, boosted by strength in its wealth management and global banking and markets units.

Net income rose to C$2.26 billion ($1.71 billion), or C$1.84 per share, in the quarter ended Jan. 31, from C$2.11 billion, or C$1.71 per share, a year earlier.

Reporting by C Nivedita in Bengaluru and Nichola Saminather in Toronto; Editing by Shinjini Ganguli

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